Samsung’s lawyers said in a statement that they “sincerely thank” the Supreme Court for “wisely” ruling on the case. They said the ruling confirmed the 2015 merger was legitimate.

South Korea’s Supreme Court on July 17 cleared Jay Y. Lee of all charges related to a 2015 merger between two Samsung affiliates.

Samsung Electronics Co. Executive Chairman Jay Y. Lee was cleared of all charges related to accounting fraud and stock manipulation by South Korea’s Supreme Court, marking a major legal victory for the billionaire head of the world’s largest electronics empire.